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Dreamliners’ MPAS EAs, Indicators, etc

  • #1
  • First Post: Dec 29, 2010 1:30pm Dec 29, 2010 1:30pm
I have started a thread to share my "MPAS" (Mechanical Price Action System) here. Many people want an EA or other indicator to help with backtesting, trading, etc. but I didn't want the thread taken over by discussions about EA's, indicators, etc.

So I am now opening this thread for anyone to discuss EA's or indicators on the MPAS system. I hope this is a helpful place to discuss these things, though I myself won't be in here much unless asked to occasionally. Enjoy!
  • #2
  • Edited Dec 30, 2010 1:59am Dec 29, 2010 10:43pm | Edited Dec 30, 2010 1:59am
Bump. This thread is a good idea. I'm sure all of those who have been contributing EAs, Indicators, and such have the best of intentions and some good ideas. This will keep the main thread on course and the coders won't have to feel limited by its rules. And us older, computer illiterate farts will still be able to comprehend the posts in the main thread.

Thanks, coders, for your efforts so far.

This might also be a good place for a short tutorial on range bars and offline charts, since there's been a little confusion about them.
  • #3
  • Dec 30, 2010 12:44am Dec 30, 2010 12:44am
subscribing
  • #4
  • Edited 11:32am Dec 30, 2010 11:11am | Edited 11:32am
In each new Open bar. The code has to check:

If Current Price < Open Price at X pips (X= parameter 1), place pending Buy Stop order at open price + spread
If Current Price > Open at X pips (X= parameter 1), place pending Sell Stop order at open price

TP = Y pips (Y = parameter 2) or at Close of bar
SL = Z pips (Z = parameter 3) or at Close of bar

If pending Buy Stop order is not hit yet and If (Open Price - Current Price) > at B pips (B = parameter 4) – delete pending order.
If pending Sell Stop order is not hit yet and If (Current Price - Open Price) > at B pips (B = parameter 4) – delete pending order.
If pending order is placed - Opposite pending order will/will not be placed later on the same bar (True or False variable).


If pending stop order is not hit and bar is closed – delete pending order.
  • #5
  • Edited 1:07pm Dec 30, 2010 11:28am | Edited 1:07pm
Hi guys!!

I'm following the original thread from some days..in the meanwhile I've coded a first version of the EA for this strategy.

The strategy is very simple...but the EA is quite complicated because some rules are tricky to code, anyway I've tried it and it seems to work well.

IMPORTANT!! I've tried it only with the commercial version of the RangeBars script, I don't know if it works with others versions...

It should work both with 4 and 5 digits brokers

It may contain ERRORS so don't use it on a live account but test it to see if it works as per rules.

PARAMETERS:

extern int RangeBars_size = 50;

The dimension of the range bars

extern int TriggerPips = 20;

The minimum number of pips to trigger the buystop or sell stop

extern int NoTriggerPips = 30;

The maximum number of pips allowed to trigger the orders

extern string MoneyManagement = "Money Management";
extern bool UseRiskLotCalc = true;
extern string Note1 = "METHODS: Balance based = bal, Equity based = eqt";
extern string RiskCalcMethod = "bal";

Choose if use or not use Money Management (IMPORTANT!! Money managment will not work with stoploss setted to 0)

extern double RiskPercent = 1.0;

Risk percent per trade

extern double Lots = 0.01;

If you don't use Money Management the EA will use these lots to trade

extern int TakeProfit = 0;

You can use a fixed TakeProfit, setting this value to anything >0
If it's setted to 0, the takeProfit will be automatically the close of the bar

extern int StopLoss = 30;

If you use fixed stop (>0) you can use Money Management.
If you set it to 0 it will place a stop at the low of the current candle

extern string TradeManagement = "Trade Management";
extern bool BreakEven = false;
extern int BreakEvenPips = 20;

Choose if you want to move Stop to breakeven after x pips

extern int BreakEvenProfitPips = 1;

Choose if add some pips to your breakeven

extern bool UseTrailing = false;
extern int TrailingStop = 5;

Choose if you want to use a trailing stop

extern int MagicNumber = 12345678;

Choose a unique Magic number for every pair you trade


I think it's quite clear...if you need explanations I will give them
If you find bugs please write what is the issue...
Attached File(s)
File Type: mq4 Mpas_EA_v1.0.mq4   10 KB | 718 downloads
Market is like a puzzle, YOU have to fit the pieces!!
  • #6
  • Dec 30, 2010 11:48am Dec 30, 2010 11:48am
Doesnt appear to do anything in backtest at all, any thoughts as to why?
Trying it on forward test today, will let u know if it trades forward for me.
thanks for the work
  • #7
  • Dec 30, 2010 11:52am Dec 30, 2010 11:52am
Quoting tazmaan
Doesnt appear to do anything in backtest at all, any thoughts as to why?
Trying it on forward test today, will let u know if it trades forward for me.
thanks for the work
Hi!!

I didn't try it in backtest..only in realtime...
Are you backtesting Offline charts or normal charts?

If you backtest Offline charts you need to do it in visual mode...

Are you using commercial RangeBars script or another?

If it doesn't trade in real time please let me know if your broker is 4 or 5 digits.

If you want to try it more fast use 10 pips range bars and change the parameters
Market is like a puzzle, YOU have to fit the pieces!!
  • #8
  • Dec 30, 2010 12:50pm Dec 30, 2010 12:50pm
backtesting offline charts yes, in visual mode
commercial crb script, not sure if its the SAME commercial script you are using
testing it on 5 digit stp broker
i'll reduce my crb to 10 pips and see if i can get it to trade forward
  • #9
  • Dec 30, 2010 1:05pm Dec 30, 2010 1:05pm
Quoting tazmaan
backtesting offline charts yes, in visual mode
commercial crb script, not sure if its the SAME commercial script you are using
testing it on 5 digit stp broker
i'll reduce my crb to 10 pips and see if i can get it to trade forward
Thinking...it's possible that in backtest it will never trade...because backtest will never use real tick data...and this strategy checks for conditions at every tick in realtime...anyway any backtest will never be accurate...especially with offline charts
Market is like a puzzle, YOU have to fit the pieces!!
  • #10
  • Dec 30, 2010 1:07pm Dec 30, 2010 1:07pm
I disagree, but that is besides the point (on the backtesting never being accurate with offline charts).

Anyhow, it's not trading in forward test either. I have 10 pip range bars, min set to 3, max set to 9, no sl/tp. Just watched a new candle form and ea did nothing. No errors in journal to report either.
  • #11
  • Dec 30, 2010 1:18pm Dec 30, 2010 1:18pm
Quoting tazmaan
I disagree, but that is besides the point (on the backtesting never being accurate with offline charts).

Anyhow, it's not trading in forward test either. I have 10 pip range bars, min set to 3, max set to 9, no sl/tp. Just watched a new candle form and ea did nothing. No errors in journal to report either.

Let's see...if you use StopLoss setted to 0 you need to set Money Management to FALSE in order to make it trade
Market is like a puzzle, YOU have to fit the pieces!!
  • #12
  • Dec 30, 2010 1:35pm Dec 30, 2010 1:35pm
Quoting Chris_B
Let's see...if you use StopLoss setted to 0 you need to set Money Management to FALSE in order to make it trade
Yes, it is set to false. a few more bars have passed and still nothin. So it appears something is keeping this from trading. Your's is taking trades in forward test?
  • #13
  • Dec 30, 2010 1:40pm Dec 30, 2010 1:40pm
Quoting zznbrm
It seems that most people just don't know how to backtest using tick data and range bar charts. Thus, it is assumed that these things can't be done and the corresponding results can't be accurate. It really is a shame because there are multiple ways of backtesting in MT4, but most people don't take the time to do it.



I use tick data for backtesting as I know you do also. I am posting my results for 2010 for EU, GU, AU, EJ using both zamanib and Dreamliner's strategies. Once you (or anyone else) gets an EA functional in backtest mode, it would...
Thanks ZZ, kinda what I expected for results from this method thusfar, but I did feel the need to accurately backtest it myself with an ea as well. We'll see how things come about
I know you know what you are doing, so your results may be enough for me anyhow
  • #14
  • Dec 30, 2010 1:41pm Dec 30, 2010 1:41pm
Quoting tazmaan
Yes, it is set to false. a few more bars have passed and still nothin. So it appears something is keeping this from trading. Your's is taking trades in forward test?
Yes...it traded all day today...buy with a fixed stoploss..try this way..maybe there is some error in the code without stoploss...I'm checking..

Honestly I'm not a professional coder..I'm an amateur...but we will fix it...don't worry
Market is like a puzzle, YOU have to fit the pieces!!
  • #15
  • Dec 30, 2010 2:20pm Dec 30, 2010 2:20pm
still nothing with stoploss set, trying again with stoploss set AND mm true
  • #16
  • Dec 30, 2010 2:25pm Dec 30, 2010 2:25pm
Mmmmm very strange...can you try with another demo platform...from another broker?

Anyone else with the issue??

I need more feedbacks in order to understand where is the problem

I'm coding an update...but I will not ready to post it until a couple of hours..


EDIT:

A simple way to test it...
Just use 50 pips range bars...

Set TriggersPips to 1 and NoTriggerPips to 50....in this way it has to trigger just 1 pip+spread above or below the open of the bar
Market is like a puzzle, YOU have to fit the pieces!!
  • #17
  • Dec 30, 2010 2:34pm Dec 30, 2010 2:34pm
what broker are you successfully running it on?
  • #18
  • Edited 3:42pm Dec 30, 2010 3:26pm | Edited 3:42pm
I have this trading on multiple pairs right now.

This wasn't meant for public consumption... but here you go.
I may add more stuff as I see fit.
I wrote this just for me, to test Range Bar trading, over a year ago.

I added Dreamliner's logic. Put this EA on the Range Bar chart. Should backtest fine (on a CRB chart).
Stop Placement may not be optimal for everybody, but again, as I said this wasn't meant for public consumption.

It will alarm when it opens a buy or sell stop.

Please do not use this on a live account. I will not be responsible for any losses that may occur on a live account.
Attached File(s)
File Type: ex4 Dreamliner CRB v1.ex4   5 KB | 662 downloads
  • #19
  • Dec 30, 2010 3:44pm Dec 30, 2010 3:44pm
Been following the main thread for the last couple of days. Can anyone offer any advice on setting up the range bar charts and where to find the best range bar indicator? There was an indicator posted in the main thread but i cant for the life of me figure out how to get it to work.

Thanks in advance
  • #20
  • Dec 30, 2010 3:52pm Dec 30, 2010 3:52pm
Quoting crodzilla
I have this trading on multiple pairs right now.

This wasn't meant for public consumption... but here you go....
Unbelievable.
This backtest was made on a CRB chart.
I would like to ask you to add TP and SL parameters and not fixed 15 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester - CRB- DL.gif Size: 7 KB
Attached File(s)
File Type: zip CRB.zip   28 KB | 667 downloads
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